Kibin

Kibin

Early Stage

Online Essay Help for Students. Profitable and Growing!

Online Essay Help for Students. Profitable and Growing!

Overview

Raised this Round: Raised: $27,602

Total Commitments ($USD)

Platform

Wefunder

Start Date

05/17/2016

Close Date

11/18/2016

Min. Goal
$25,000
Max. Goal
$100,000
Min. Investment

$100

Security Type

SAFE

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$7,000,000

Discount

0%

Year Founded

2011

Industry

Education, Training, & Coaching

Tech Sector

EdTech

Location

Berkeley, California

Kibin, with a valuation of $7 million, is raising funds on Wefunder. The company has developed a platform to help students write better essays faster. Kibin acts as a modern online writing center that provides both free and premium content and tools for students to become more confident writers. The platform has generated $1.9 million in lifetime revenues and has been profitable since Q4 2015. Travis Biziorek founded Kibin in March 2011. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $100,000. The campaign proceeds will be used to acquire more essay content for the essay examples database.

Summary Profit and Loss Statement

FY 2015 FY 2014

Revenue

$579,304

$407,227

COGS

$286,627

$183,133

Tax

$0

$0

 

 

Net Income

$-184,589

$-214,102

Summary Balance Sheet

FY 2015 FY 2014

Cash

$105,271

$213,039

Accounts Receivable

$0

$0

Total Assets

$342,658

$446,980

Short-Term Debt

$58,872

$79,205

Long-Term Debt

$577,657

$491,548

Total Liabilities

$636,529

$570,753

Financials as of: 05/17/2016
Create a free account today to gain access to Kingscrowd analytics.

Raise History

Offering Name Close Date Platform Valuation Total Raised Security Type Status Reg Type
Kibin 11/18/2016 Wefunder $7,000,000 $27,602 SAFE Funded RegCF

No prior online funding rounds.

Create a free account today to gain access to Kingscrowd analytics.

Upgrade to gain access

Pay Monthly
Annually (2 months free)

Edge

$12.50 /month
billed annually
Free portfolio tracking, data-driven ratings, AI analysis and reports
Plan Includes:
Everything in Free, plus
Company specific Kingscrowd ratings and analyst reports
Deal explorer and side-by-side comparison
Startup exit and failure tracking
Startup market filters and historical industry data
Advanced company search ( with ratings)
Get Edge Annual
Already a member? Log in here.
Founders: enhance your startup's credibility on Kingscrowd. Create an account to claim this raise page.
Add to portfolio
Kibin on Wefunder 2016
Platform: Wefunder
Security Type: SAFE
Valuation: $7,000,000

Follow company

Follow Kibin on Wefunder 2016

Buy Kibin's Deal Report

Warning: according to the close date for this deal, Kibin may no longer be accepting investments.

Kibin Deal Report

Get Kingscrowd's comprehensive report on Kibin including:

  • How our proprietary algorithm rates their current capital raise (1-5 stars)
  • Detailed price, market, team, differentiators, performance, and risk ratings
  • Whether Kibin is undervalued or overvalued
  • Scores on the founding team and key personnel's background and expertise

Buy the Kibin deal report for only $10!

Email address:
Looking to buy more than one deal report? Get unlimited reports by upgrading to Edge